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Statement of Cash Flows Use the Comparative Balance Sheet for Marigold, Inc. and additional information provided below to prepare the 2018 Statement of Cash Flows.
Statement of Cash Flows Use the Comparative Balance Sheet for Marigold, Inc. and additional information provided below to prepare the 2018 Statement of Cash Flows. Marigold, Inc. Comparative Balance Sheet As of 12/31/2018 and 12/31/2017 12/31/2018 12/31/2017 Assets: Cash A/R Inventory Supplies Building A/D-Building Furniture/Fixtures A/D-Furn/Fixtures $ 586,000 74,500 97,500 14,000 368,000 (85,500) 18,000 (12,500) $1,060,000 $ 513,000 68,000 92,500 14,500 168,000 (64,000) 21,500 (13,000) $ 800,500 Liabilities & Stockholders Equity A/P $ 56,000 Salary Payable 26,500 Notes Payable 260,000 Common Stock, $2 par 300,000 Retained Earnings 417,500 $1,060,000 $ 62,500 24,000 60,000 200,000 454,000 $ 800,500 (1) Purchased new building for $200,000 by signing a 10-year note payable. (2) Sold furniture for $1,000. The furniture had an original cost of $3,500 and accumulated depreciation of $3.000. (3) Depreciation expense for 2018 was $21,500 on buildings and $2,500 on furniture. (4) Sold 50,000 shares of common stock at par. (5) Declared and paid $200,000 in dividends
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